ADC Therapeutics (ADC Therapeutics) Days Inventory : 584.84 (As of Mar. 2024)

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What is ADC Therapeutics Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). ADC Therapeutics's Average Total Inventories for the three months ended in Mar. 2024 was $16.09 Mil. ADC Therapeutics's Cost of Goods Sold for the three months ended in Mar. 2024 was $2.51 Mil. Hence, ADC Therapeutics's Days Inventory for the three months ended in Mar. 2024 was 584.84.

The historical rank and industry rank for ADC Therapeutics's Days Inventory or its related term are showing as below:

ADCT' s Days Inventory Range Over the Past 10 Years
Min: 1282.37 Med: 2038.6 Max: 2914.24
Current: 1519.07

During the past 8 years, ADC Therapeutics's highest Days Inventory was 2914.24. The lowest was 1282.37. And the median was 2038.60.

ADCT's Days Inventory is ranked worse than
93.88% of 654 companies
in the Biotechnology industry
Industry Median: 191.745 vs ADCT: 1519.07

ADC Therapeutics's Days Inventory increased from Mar. 2023 (0.00) to Mar. 2024 (584.84). It might indicate that ADC Therapeutics's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. ADC Therapeutics's Inventory Turnover for the three months ended in Mar. 2024 was 0.16.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. ADC Therapeutics's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.89.

ADC Therapeutics Days Inventory Historical Data

The historical data trend for ADC Therapeutics's Days Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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ADC Therapeutics Days Inventory Chart

ADC Therapeutics Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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2,914.24

1,282.37

2,038.60

ADC Therapeutics Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															-	1,303.30	5,255.10	6,988.35	584.84

Competitive Comparison of ADC Therapeutics's Days Inventory

For the Biotechnology subindustry, ADC Therapeutics's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

ADC Therapeutics's Days Inventory Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, ADC Therapeutics's Days Inventory distribution charts can be found below:

* The bar in red indicates where ADC Therapeutics's Days Inventory falls into.

ADC Therapeutics Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

ADC Therapeutics's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (12.073	+	16.177)	/	2 )	/	2.529	*	365
=	14.125					/	2.529	*	365
=	2,038.60

ADC Therapeutics's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (16.177	+	15.997)	/	2 )	/	2.51	*	365 / 4
=	16.087					/	2.51	*	365 / 4
=	584.84

ADC Therapeutics (NYSE:ADCT) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

ADC Therapeutics's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2.51	/	16.087
	=	0.16

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

ADC Therapeutics's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	16.087	/	18.053
	=	0.89

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

ADC Therapeutics Days Inventory Related Terms

Thank you for viewing the detailed overview of ADC Therapeutics's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

ADC Therapeutics (ADC Therapeutics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » ADC Therapeutics SA (NYSE:ADCT) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Route de la Corniche 3B, Biopole, Epalinges, CHE, 1066

Website

https://www.adctherapeutics.com

ADC Therapeutics SA is a commercial-stage oncology-focused biotechnology company. It is involved in the development of antibody-drug conjugates for patients suffering from hematological malignancies and solid tumors. The company's product candidate includes ZYNLONTA, camidanlumab tesirine, ADCT-602, ADCT-601, ADCT-901, ADCT-701 and ADCT-212.